Ходжа Н. (hojja_nusreddin) wrote,
Ходжа Н.
hojja_nusreddin

3 things prevented a total meltdown in 2008


1. There was less debt than today
:
- about $8 trillion less in America, and
- about $57 trillion less worldwide

2. The world economy was still in growth mode
:
- China was still growing (at least according to the official figures) at 8% a year
- Commodities were becoming more expensive.
- There were still many areas in which investment was paying off.

3. The Fed still had some ammunition to fight the downturn
:
- Short-term interest rates were at 2%.
- Now, it has been at the “zero bound” for 6 years.

________________________________________________________________
http://thecrux.com/bill-bonner-what-can-you-trust-when-trust-disappears/
Tags: американа, банкстеры, кризис, экономика
Subscribe

Posts from This Journal “кризис” Tag

  • Post a new comment

    Error

    Anonymous comments are disabled in this journal

    default userpic

    Your reply will be screened

    Your IP address will be recorded 

  • 0 comments